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3911

(a) What is a customs union?
(b) State three advantages and two disadvantages of a customs union. 

View Answer & Discuss WAEC 1999
3912

Highlight the causes of Balance of payments deficits in your country. 

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3913

Describe the contributions of natural resources to the economy of your country. 

View Answer & Discuss WAEC 1999
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3914

(a) Define cross elasticity of demand.
(b) The table below shows the response of quantity demanded to changes in price for three pairs of commodities.
Use the table to answer the questions that follow. 

Commodity changes in price commodity Changes in Quantity Demanded
Original Price (N) New price (N) Original Quantity (kg) New Quantity (kg)
Bread 15 20 Yam 150 200
Beef 25 40 Fish 1,000 3,000
Butter 100 50 Margarine 250 400

 

View Answer & Discuss WAEC 1998
3915

The table here shows the sectoral allocation of a country's budget. Illustrate the data accurately with a pie-chart. Show your workings clearly.

Sector Amount (N million)
Health 30
Education 25
Housing 15
Manufacturing 10
Agriculture 20

 

View Answer & Discuss WAEC 1998
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